Tds interest for late deposit

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 December 2013 My firm deducted TDS in the month of December which was deductible in june and teh same is being deposited in december. But there is 3 days gap in deduction and deposit in the same month. Will i have to charge interest for late deposit also @1.5% for the same month in which TDS is deducted
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
06 December 2013 yes from the due date till actual date of payment int is to be charged.
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Querist : Anonymous

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Querist : Anonymous (Querist)
06 December 2013 so basically 7 months @1% and 1 month @ 1.5%. Am i correct???
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
06 December 2013 pls mention the exact dates as applicable in ur case for appropriate ans.
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Querist : Anonymous

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Querist : Anonymous (Querist)
06 December 2013 Date of Payment / booking
11-06-13

Date of Deduction
03-12-13

Date of deposit
06-12-13
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
06 December 2013 yes 7 months @1%

and 1 month @ 1.5 % since part of the month is to be considered as full month.
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Querist : Anonymous

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Querist : Anonymous (Querist)
06 December 2013 Thanks a lot sir
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
06 December 2013 you are welcome.
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